“We have looked at the Master Plan because it is completely distorted.

“We only clean up environmental infractions, we don’t demolish houses,’’ she said.

Folivi said that the company never carried out anything without collaborating with relevant government agencies like the Ministry of Physical Planning and Urban Development as well as the Ministry of Environment.

On an allegation of illegal rates’ collection by the officers of the company, Folivi said that such had stopped since she became the MD in 2015.

She said that anyone with evidence should come up with it and the culprit would be prosecuted.

According to her, the company has 1295 shareholders which include Lagos State and is being regulated by Company and Allied Matters.

Folivi noted that LBIC is a mortgage bank that finances construction of residential houses.

The committee chairman, David, however, insisted that the company continued with the demolition in spite of the committee’s order.

The Chairman, House Committee on Housing, Mr Bayo Osinowo, also insisted that Folivi disregarded several calls to her from the Ministry of Lands.

Mr Mudasiru Obassa, the Speaker of the House, eventually stepped down the matter.

He said that the House would have to reach a conclusion on the report of the committee on the matter.

Some lawmakers urged the House to sanction Folivi for failing to proffer adequate explanation, to serve as a deterrent to others.